2012 Budget Increases Nuclear Energy Research Funding

Before adjourning to watch yule logs and eat holiday hams, Congress actually managed to pass a 2012 budget bill. ITIF’s Matthew Stepp provided us with an early analysis of the bill’s impact on energy innovation funding. Funding for key Department of Energy (DOE) innovation offices are up by a modest 2.5 percent relative to the 2011 budget, with impacts on specific programs summarized in the table below…

Overall_FY2012_Graph.jpegToday, nuclear energy blogger Dan Yurman dives into one of those key offices, with a detailed breakdown of the 2012 budget’s funding for DOE’s nuclear energy program at ANS Nuclear Cafe.

The Fiscal Year 2012 budget dedicates $768 million to the DOE Office of Nuclear Energy, a nearly 6 percent increase from FY2011 levels. As with overall funding for DOE innovation offices, the 2012 budget thus halts and begins to reverse the declines in federal energy innovation funding initiated in the 2011 budget, which saw nuclear energy funding fall 15 percent (or $132 million) from 2010 budget appropriations.

Dan Yurman breaks down this year’s funding, which places an emphasis on accelerating the development and commercialization of new small modular reactor designs (SMRs)…Please read more from: 

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